In a historic move, the well-known analytical platform Spot On Chain has revealed that the Bitcoin Exchange-Traded Funds (ETFs) industry has reached an unprecedented financial milestone. In a recent X post, the platform unveiled that the total net inflow into Bitcoin ETFs surpassed $1.05 billion, marking a new height in the investment vehicle’s journey since its inception. 

This remarkable increase represents a 108% jump compared to the previous trading session’s figures, highlighting a growing investor appetite in the cryptocurrency domain. The analysis further revealed that across the 42 trading days commencing January 10, all 10 Bitcoin ETFs have collectively amassed an impressive $11.14 billion.

Out of all the Bitcoin investment funds, the BlackRock IBIT is particularly noteworthy as it holds an impressive 203,755 Bitcoins, which amounts to roughly $14.8 billion. This significant holding puts BlackRock IBIT directly competing with MicroStrategy, only about 10,000 Bitcoins short of the United States Government’s reserves. This highlights the ETF’s substantial growth and presence in the market.

In a recent X post, Simply Bitcoin, a renowned crypto media outlet, reported that BlackRock’s ETF has seen significant activity. The fund purchased 11,946 digital currency units worth $849.3 million in Bitcoin on a record-setting day. This purchase set a new daily high for the ETF and confirmed BlackRock’s positive outlook and confidence in Bitcoin’s potential as a valuable investment asset.

Bitcoin is trading at $73,248, marking a 1,98% rise in the last 24 hours and a 10.71% surge over the past week. The cryptocurrency has seen a trading volume of $64.04 billion, indicating a 16.91% surge within the same 24-hour period.

This surge in Bitcoin ETF inflows indicates the broader enthusiasm and trust investors place in cryptocurrency as a part of their portfolios. As the landscape continues to evolve, the remarkable achievements of Bitcoin ETFs, such as the one recorded today, would likely catalyze further interest and investment in the burgeoning digital currency market.